ESSEARCH: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ESSEARCH
Largest movements
- Tangible fixed assets +€26,715
up €26,715 (+123%), from €21,675 to €48,389
of which Furniture and vehicles: +€33,301
- Cash -€25,894
down €25,894 (-19.4%), from €133,641 to €107,747
mainly Investment in fixed assets (net) (-€33,836) and Contributions, distributions and other (-€7,856)
- Receivables within one year +€5,994
up €5,994 (+51.9%), from €11,541 to €17,535
- Other debts +€5,186
up €5,186 (+173%), from €3,000 to €8,186
- Profit (loss) carried forward +€3,764
new in 2025: €3,764
- Tax, wage and social debts -€1,996
down €1,996 (-44.5%), from €4,484 to €2,488
- Gross operating margin -€16,686
down €16,686 (-47.9%), from €34,821 to €18,135
- Financial income -€1,824
down €1,824 (-35.3%), from €5,168 to €3,344
of which Non-recurring financial income: -€1,989
- Taxes -€1,802
down €1,802 (-46.8%), from €3,853 to €2,051
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,787 | €177,141 | +€8,354 | +4.9% |
| Fixed assets | 21/28 | €21,855 | €48,569 | +€26,715 | +122% |
| Tangible fixed assets | 22/27 | €21,675 | €48,389 | +€26,715 | +123% |
| Plant, machinery and equipment | 23 | €651 | €165 | -€487 | -74.7% |
| Furniture and vehicles | 24 | €14,923 | €48,224 | +€33,301 | +223% |
| Other tangible fixed assets | 26 | €6,100 | - | -€6,100 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €146,932 | €128,571 | -€18,361 | -12.5% |
| Amounts receivable within one year | 40/41 | €11,541 | €17,535 | +€5,994 | +51.9% |
| Other amounts receivable | 41 | €11,541 | €17,535 | +€5,994 | +51.9% |
| Cash at bank and in hand | 54/58 | €133,641 | €107,747 | -€25,894 | -19.4% |
| Deferred charges and accrued income | 490/1 | €1,750 | €3,290 | +€1,539 | +88.0% |
| Total equity and liabilities | 10/49 | €168,787 | €177,141 | +€8,354 | +4.9% |
| Equity | 10/15 | €157,928 | €161,691 | +€3,764 | +2.4% |
| Contributions | 10/11 | €6,820 | €6,820 | = | 0.0% |
| Reserves | 13 | €151,108 | €151,108 | = | 0.0% |
| Distributable reserves | 133 | €151,108 | €151,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,764 | +€3,764 | |
| Amounts payable | 17/49 | €10,859 | €15,449 | +€4,590 | +42.3% |
| Amounts payable within one year | 42/48 | €10,859 | €15,434 | +€4,575 | +42.1% |
| Trade debts | 44 | €3,375 | €4,760 | +€1,385 | +41.0% |
| Suppliers | 440/4 | €3,375 | €4,760 | +€1,385 | +41.0% |
| Taxes, remuneration and social security | 45 | €4,484 | €2,488 | -€1,996 | -44.5% |
| Taxes | 450/3 | €4,484 | €2,488 | -€1,996 | -44.5% |
| Other amounts payable | 47/48 | €3,000 | €8,186 | +€5,186 | +173% |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,957 | €7,122 | +€165 | +2.4% |
| Other operating charges | 640/8 | €189 | €117 | -€72 | -37.9% |
| Non-recurring operating charges | 66A | €214 | €339 | +€125 | +58.3% |
| Gross operating margin | 9900 | €34,821 | €18,135 | -€16,686 | -47.9% |
| Operating profit (loss) | 9901 | €27,462 | €10,557 | -€16,905 | -61.6% |
| Financial income | 75/76B | €5,168 | €3,344 | -€1,824 | -35.3% |
| Recurring financial income | 75 | €1,168 | €1,333 | +€165 | +14.1% |
| Non-recurring financial income | 76B | €4,000 | €2,011 | -€1,989 | -49.7% |
| Financial charges | 65/66B | €194 | €230 | +€36 | +18.9% |
| Recurring financial charges | 65 | €194 | €230 | +€36 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €32,436 | €13,671 | -€18,765 | -57.9% |
| Income taxes | 67/77 | €3,853 | €2,051 | -€1,802 | -46.8% |
| Profit (loss) for the period | 9904 | €28,583 | €11,620 | -€16,963 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,583 | €11,620 | -€16,963 | -59.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.